Ambea AB (publ) Stock Forecast
Ambea AB (publ) stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Ambea AB (publ) stock price fell by -1.58% on the last day (Thursday, 2nd May 2024) from kr63.45 to kr62.45. During the last trading day the stock fluctuated 3.31% from a day low at kr62.00 to a day high of kr64.05. The price has fallen in 6 of the last 10 days and is down by -3.33% for this period. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 168 thousand shares were bought and sold for approximately kr10.52 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.21% during the next 3 months and, with a 90% probability hold a price between kr69.17 and kr78.56 at the end of this 3-month period.
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AMBEA.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Ambea AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr63.06 and kr63.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ambea AB (publ) stock
Ambea AB (publ) finds support from accumulated volume at kr59.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr2.05 between high and low, or 3.31%. For the last week the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: kr60.05 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (AMBEA.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Ambea AB (publ) to open at kr62.83, and during the day (based on 14 day Average True Range), to move between kr60.73 and kr64.17, which gives a possible trading interval of +/-kr1.72 (+/-2.76%) up or down from last closing price. If Ambea AB (publ) takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr62.90 (0.72%) than the support at kr59.75 (4.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Ambea AB (publ) will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.13. We will update the financials statements for Ambea AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.72% in the first trading day after earnings release.
Is Ambea AB (publ) stock A Buy?
Ambea AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.746 Hold/Accumulate Upgraded
Predicted Opening Price for Ambea AB (publ) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr62.83 ( 0.614%) | kr62.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMBEA.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.88 | 3.90 % | |
| R2 | 64.10 | 2.64 % | ||
| R1 | 63.62 | 1.87 % | ||
| Current price: | 62.45 | |||
| Support | S1 | 62.05 | -0.640 % | |
| S2 | 61.57 | -1.41 % | ||
| S3 | 60.78 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.90 | 3.92 % | |
| R2 | 63.30 | 1.36 % | ||
| R1 | 62.90 | 0.721 % | ||
| Current price | 62.45 | |||
| Support | S1 | 59.75 | -4.32% | |
| S2 | 56.95 | -8.81% | ||
| S3 | 56.05 | -10.25% |
AMBEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 22, 2024 | kr1.50 | 2.40% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr1.25 | 3.22% |
| 3 | May 13, 2022 | May 13, 2022 | May 13, 2022 | kr1.15 | 2.34% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | kr1.15 | 1.70% |
| 5 | May 17, 2019 | May 17, 2019 | May 17, 2019 | kr1.10 | 1.79% |
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